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China's 400 Apartment Building Island Is Already Failing — Officials Are Calling It a Scam

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China's 400 Apartment Building Island Is Already Failing — Officials Are Calling It a Scam

3 732 просмотра · 1 день назад
jktim
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3 732 просмотра · 1 день назад
China's 400 Apartment Building Island Is Already Failing — Officials Are Calling It a Scam China built the world's largest artificial island off the coast of Hainan, shaped like three giant flowers, and sold $12 billion yuan worth of apartments on opening day alone. This video investigates Ocean Flower Island, Evergrande's $25 billion megaproject, from the illegal land reclamation approvals tied to a convicted Communist Party official to the 39 residential towers the government ordered demolished in 10 days before quietly confiscating them instead. You'll learn how reinforced concrete actually fails, why chloride and sea sand corrosion can destroy load-bearing columns from the inside out, and what happened when retirees in the Kapok Garden complex found rebar so rusted the concrete crumbled in testers' hands, at nearly five times China's legal chloride limit. We also cover Evergrande's collapse, founder Xu Jiayin's lifetime securities ban, and why thousands of Ocean Flower Island apartments are now reselling at half their original price. Is this the world's most ambitious artificial island, or one of the biggest real estate warnings in modern China? If you've been following the Evergrande collapse, Chinese property crisis, or Ocean Flower Island news, this is the full breakdown. Watch till the end to see what officials found when they tested the columns themselves. Like, subscribe, and tell us in the comments: would you buy an apartment there today at half price?